Mandatory Electronic Invoicing in Denmark
Learn how to get your company ready to exchange documents in accordance with regulations in Denmark
Learn how to get your company ready to exchange documents in accordance with regulations in Denmark
Sole proprietorships with a turnover of less than DKK 300,000 will be exempt from the requirement to use a digital accounting system, but of course must still comply with all other requirements of the law.
Denmark has a centralized model which also operates using the PEPPOL system. The entire system is supported by the official NemHandel platform. This is shared public digital infrastructure for the exchange of business documents between private companies and public authorities, the use of which has been in place since 2005. In order to send and receive digital business documents via the NemHandel platform, the company's accounting system must be connected to an access point that ensures that invoice data meets the necessary security standards.
PEPPOL in Denmark is a set of artifacts and specifications enabling cross-border e-procurement. The Danish Business Authority (ERST) is the PEPPOL Authority, which means that ERST is responsible for the registration of companies that wish to become a PEPPOL Access Point or a Service Metadata Publisher. ERST is also responsible for ensuring the long-term adoption of e-procurement using the PEPPOL network as the platform.
The formats that are supported are OIOUBL and PEPPOL BIS.
Companies must store accounting materials securely for a period of 5 years after the end of the financial year to which the material relates. As a matter of some interest, the requirement to retain accounting materials in Denmark has been abolished.
